Regulatory guidance for expanding investment in science and technology innovation by insurance capital

Regulatory guidance encourages insurance capital to deepen its layout in the tech innovation sector.

Recent regulatory policies explicitly encourage insurance funds to increase long-term investment in technology innovation, leveraging their scale and long-duration advantages to provide stable capital support for hard-tech enterprises. This direction aligns with the national strategy for innovation-driven development and helps optimize the structure of financial resource allocation.

• Increase the upper limit for equity asset allocation
• Simplify approval processes for STAR and ChiNext investments.
• Establish a performance appraisal mechanism aligned with the characteristics of technological innovation.

By refining supporting regulations, regulators aim to alleviate pressure from the traditional asset shortage while promoting the transformation of the insurance industry in serving the real economy. When participating in sci-tech innovation investments, insurers must strengthen risk identification capabilities and ensure asset-liability matching. Specific investment arrangements shall comply with relevant regulatory provisions and contractual agreements.